Bank J. Safra Sarasin is reportedly considering a potential acquisition of Saxo Bank, which has been available for purchase for some time. The Swiss bank has begun discussions with Saxo Bank as other interested bidders have withdrawn due to a lack of consensus.

Saxo Bank has been on the market since July and has engaged a financial services firm to help identify potential buyers. The main shareholders of Saxo Bank include:

• Geely Holding Group, which owns nearly 50 percent
• Finnish Mandatum Oyj
• Founder Kim Fournais

Previously, Interactive Brokers Group and a consortium of Altor Equity Partners and Centerbridge Partners had shown interest in acquiring Saxo. As of June of the previous year, Saxo Bank managed around 109 billion euros in client assets on its trading platform.

📎 Related coverage from: finews.ch